Casey bows to shareholder pressure to quit stock exchange

By

Juliette Pearse

September 15, 2000 5:00 p.m. GMT

Gavin Casey, chief executive of the London Stock Exchange, has resigned less than 24 hours after narrowly surviving a shareholder ballot on Thursday.

In his letter to Don Cruickshank, Casey said: &quotI confirm in this letter the point of the conversation we had this morning. I have decided that it is absolutely right that I should resign as chief executive of the company and this I now do, to take effect today.&quot